imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - js reader version - email this article - view hidden posts - tags and related articles
link:

Group of Six shutdown Wells Fargo

by the lizard queen Monday, Apr. 16, 2012 at 6:09 PM
tolerance2day@ymail.com

April 10th was a warm sunny Tuesday and exceptionally busy in downtown riverside. Walking through the main st. mall adjacent to the mission inn with men and woman in suits meeting for business lunches all seemed to be normal. However Refund California Coalition an economic justice organization, paired with group of UCR students and Occupy Riverside organizers, began to setup signs and a microphone with the Gandhi statue overlooking. People in the mall began to turn their heads in curiosity, the conversation had started.

Group of Six shutdow...
img_9476.jpg, image/jpeg, 341x512

It was noon when the organizers began to speak out about the Home Foreclosure crises that has affected so many not only in the riverside area, but the nation. Yet riverside having the highest rate of foreclosures in California it wasn't a surprise that many in the group had touching stories to tell of their own life experiences.

Photobucket

J. a UCR student shared his story about his father being coerced into taking out a $850,000 home loan from someone he had known, someone his father had gone to church with. His father a 45 year old iron worker with realistically only 15 to 20 more years of work before the intense labor would take its toll and he would have to retire. The house was inevitably foreclosed on around the same time J. was awaiting his acceptance to UCR.

Photobucket

“It was horrible getting my acceptance letter and watching my mom pack up the house, wanting to give me the best but knowing she was powerless to provide any of it for me.” J. said as the crowd consisting of a few men in business attire and a young mother with her infant child, as well as the many lunchtime onlookers from the various eateries in the area, were nodding their head in understanding agreement.

Next up was a young community college professor with her PhD in English and a single mother. She shared not only her experience of being laid off at UCR where she had received teacher of the year and worked for ten years as an outcome of the economic crash that this foreclosure crises had caused, but of how the housing bubble both boomed and burst . “The yearly contracts that all the instructors received were rescinded.” She explained that the instructors health benefits were gone and they were left to fend for themselves in the academic job market that due to budget cuts is not secure and only part time work is available.

Photobucket

She went on to discuss the housing bubble and how it came to be.

“The banks ran out of people who could afford to buy homes and so new innovations were created such as the sub-prime loans, they didn't have to verify budget or source of income of the people looking to buy homes, basically the banks had no sort of accountability in falsely telling these people that they could afford these loans because it would make the bank more money...they were treating someones debt as an asset.”

As she began talking about Collateral Debt Obligations or CDOs two Riverside Police officers appeared on bikes. Officer Dillon one of the officers that protesters and organizers of Occupy Riverside interact with on a regular basis asked her to stop as she wasn't allowed to use the microphone or any sort of sound projecting device. Already being familiar with this type of harassment the woman politely put up her hand and stated she was almost done they would just have to wait a moment. “These people want me to finish it up.”

Photobucket

She finished her speech and without the use of the microphone a couple of others spoke to the tragic state of the higher education system. As the speeches ended the signs were gathered and letters were passed out to the participants who were now heading to Wells Fargo on the corner of Main st. and University.

Photobucket Photobucket

The group of six went inside the main lobby signs and all asking to speak to the bank manager. The bank manager Samuel L. Robles who appeared in a suit, a tie and a little flustered shook the hands of everyone in the discussion circle and proceeded to answer questions.

Photobucket

“We would like for you to take a look at this letter and to distribute it to the higher ups” Elliot of Refund California asked confidently. “I would love to take a look at that absolutely and I just want to let you know that we do donate to the community.” Robles said almost in a memorized sort of tone. The questions continued.

“What's your relationship to the sub-prime loans?” The young professor asked with concern. His only answer being “We don't do mortgages here at this branch.” After which he excused himself for a moment and whispered something to a female employee who then locked the doors leading into the main lobby as customers were walking up. One of the occupy Riverside participants asked “Why are you refusing service to your customers?” Robles chuckled and stated that he wasn't refusing service he was protecting his customers from dangerous radicals. “You think we're dangerous?” one of the students asked with a serious tone. “No but I have to protect my customers, you never know what could happen.” he nervously answered. One of the young women in the group answering “Well they probably aren't going to want to come back.”

Photobucket

The questions returned to the home foreclosure crises as the group now being held captive in the bank nervously looked around. “What are you doing to fix the crises you have created?” “Wells Fargo holds nationwide mortgage clinics and donates money to Ronald McDonald House.” Unsure of how that related to the housing crises the group wrapped up the meeting and were escorted out.

Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 5 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
Fraud? homeowner1 Tuesday, Apr. 17, 2012 at 4:07 AM
Thanks, bank... reader Tuesday, Apr. 17, 2012 at 10:07 PM
Reality check nobody Wednesday, May. 02, 2012 at 6:59 AM

Local News

KPFK is in double trouble, credit cards misused, and... A24 3:48PM

WW Broad & The War On Public Education In LA A19 8:05AM

KPFK= more. Tired of the turmoil? we are too. A18 4:22PM

KPFK Work Reductions ....signs of an ending now, so soon ? A18 10:30AM

kPFK under threatening duress - even to it's long-established staff by new Gen'l Mgr A16 8:46PM

Secretive Glonvec weapons manufacturer in town A13 9:21AM

KPFK in MeltDown.NOW. A11 11:31AM

KPFK RADIO is essential to Pacifica, who also umbrellas KPFA that may be falling away A07 7:26PM

More Local News...

Other/Breaking News

Pokemon Shuffle Mobile Hack iOS Android Cheats S02 2:47AM

Little Bandits Hack iOS Android Cheats S02 2:46AM

Gaza: A Socioeconomic Dead Zone S02 1:46AM

Dream ending for circus lions rescued in South America: Huge airlift to take 33 lions home S01 4:49PM

Crying for the USA disabled groups 2015 S01 1:00PM

fbi/cia dirty business S01 12:12PM

Puerto Rico’s Religious Leaders Call for Debt Relief and End to Austerity S01 11:55AM

Venezuela Reveals New Evidence Against Opposition Leader Leopoldo Lopez S01 4:29AM

Violence and Instability on Russia's Border S01 2:50AM

Paraphysique de l'origami A31 11:43PM

KPFK programmer writes subscribers & updates info: A31 4:31PM

Maidan 2.0 Eerupting in Ukraine? A31 10:08AM

Farewell to Homo Oeconomicus A31 6:39AM

US Presidential Aspirants Irresponsibly Bash Putin A31 6:36AM

US Presidential Aspirants Resemble an FBI Most Wanted List A31 2:16AM

NYT Features Anti-Russian Propagandist A30 12:21PM

US Occupies Yemeni Island A30 12:06PM

West Point Professor Calls Anti-War Legal Scholars Fifth Column Threats A30 10:27AM

France, Germany and Russia Back Ceasefire in Donbass: Hold the Cheers A30 6:31AM

Why the Refugee Crisis A30 4:19AM

Investigate UNRWA spokesperson Chris Gunness for violating UNRWA's Mandate A29 9:47PM

Ukrainians Overwhelmingly Oppose Junta Rule A29 12:45PM

Dubious Sponsor Launches Petition to End Gaza Blockade A29 11:30AM

Egypt's War on Press Freedom A29 6:56AM

Right-Wing DC Court of Appeals Upholds Unconstitutional Surveillance A29 3:04AM

Fbi methods are unconscionable A29 12:31AM

Black New Orleans 10 Years Post-Katrina A28 11:22AM

908 Environmentalists Have Been Murdered in Brazil, Many Elsewhere As Well A28 9:52AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy